Do I have to make monthly payments with Equity Release?

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No, there is no obligation to make monthly payments with equity release, not unless you want to. The loan, plus any rolled-up interest, will be paid back when your plan comes to an end, usually when someone either enters permanent, long-term care or they die. 

Where interest is rolled up, it can quickly increase the amount owed.

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By taking equity from your home you may lose your entitlement to some means tested benefits, always check what you may lose as well as what you can claim before making a decision.

Why choose Optimus Mortgages?
 

• Our initial consultation is completely free, and there is absolutely no obligation to proceed.

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• We have decades of experience in financial services, and being completely independent and whole of market lifetime mortgage brokers means that we are not tied to any lender or third party, allowing us to make sure we get you the best deal.  

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• You will be designated your own dedicated specialist equity release adviser, with their own direct email and telephone number, so you can be confident that you will always be dealing with the same person.

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• Our fully qualified equity release specialists will always deal with you in plain English, not jargon. 

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• With our easy to use client portal you can receive updates on the progress of your application 24 hours a day, seven days a week, as well as being able to securely upload and review documents.

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• We offer a competitive and transparent fee structure.

Use our free calculator

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See how much tax-free cash you could release from your home with our our free equity release calculator

Speak to an adviser

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Book an appointment with a specialist adviser at a time that is good for you

Optimus Mortgages offer lifetime mortgages, which is a loan secured against your home. Equity release will reduce the value of your estate and may affect your entitlement to means-tested benefits.

To safeguard your health, our expert advice is now available over the phone or via video appointment, whichever is right for you. If you are interested in finding out more, please get in touch, either online, or by calling us on 03330 067783. Click here for more info.